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U.S. stocks traded mixed on Thursday, amid oil losses, as a massive rally following the United Kingdom referendum slowed down.
The Dow Jones Industrials gained 47.93 points to 17,742.61, Boeing and Goldman Sachs contributing the most gains.
The S&P 500 inched up 1.75 points at 2,072.52, with industirals leading eight sectors higher and energy and telecommunications as the only decliners.
The NASDAQ Composite Index jumped 1.84 points to 4,781.09.
In corporate news, film studio Lions Gate said it would buy Starz for $4.4 billion U.S. in a cash-and-stock deal.
On the data front, weekly jobless claims came in at 268,000, slightly above the expected 267,000. The Chicago Purchasing Managers’ Index reading for June came in at 56.8, well above a May reading of 49.3.
Prices for the 10-year Treasury were higher, weighing yields to 1.49% from Wednesday’s 1.51%. Treasury prices and yields move in opposite directions.
Oil prices swooned $1.20 a barrel to $48.68 U.S.
Gold prices shaved off $5.20 to $1,321.70 U.S. an ounce.
